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Nov 15, 2012
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. >> mitch mcconnell has been the guy out there saying it, and all republicans are not willing to have any new tax increases. >> that's not true. there's a difference between raising revenues and raising taxes. >> no, i said tax increases, though. tell me, am i wrong about that, steve? >> no, you are wrong. >> when did he say differently? >> look, i interviewed him this week. he said it many times. he said it on the senate floor. we're willing to compromise on raising taxes. that's something that a lot of republicans aren't real happy with, but he said look, i'm willing to put revenues on the table. but what he's saying, keith, let's be very clear. >> you're saying revenue. i'm saying tax increases. >> right. >> the bush tax rates -- no, i'm talking about bush tax rates. they expire on december 31st contin. >> that's what republicans won't agree to. the answer is no, we're not going to let those rates go up because it's going to do significant damage to the economy. >> like it did during the clinton administration when they created 20 million jobs. >> you're only growing at 2%. you don
. >> mitch mcconnell has been the guy out there saying it, and all republicans are not willing to have any new tax increases. >> that's not true. there's a difference between raising revenues and raising taxes. >> no, i said tax increases, though. tell me, am i wrong about that, steve? >> no, you are wrong. >> when did he say differently? >> look, i interviewed him this week. he said it many times. he said it on the senate floor. we're willing to compromise...
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Nov 14, 2012
11/12
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. >> so what is your answer to what mitch mcconnel said? go after rich people. why do it at all? >> it is good to be with you. i think that the minority leader seems to have a math problem. ending the tax cuts for the rich is worth $1 trillion. i think our government spends a little less than $1 trillion. most people think it is $800 billion. this is a ten-year number. you are $80 billion a year. and this is a outside reach. a lot of guys like myself think you are not going to get it. let me ask you this, david, we have a weak economy, i know jobs are growing but they are growing weekly. what sense does it make to raise taxes on anybody when you have such a weak economy. from a economic, not ideal logical stand n point, what sense does it make? >> well, you know larlarry, the labor movement thinks that jobs are the number one agenda here, as you well know, we have had this conversation about your need to do something to get our finances in better shape, the way to do that with the least amount of damage to our economy, is to end the bush tax cuts for the wealthy for those making
. >> so what is your answer to what mitch mcconnel said? go after rich people. why do it at all? >> it is good to be with you. i think that the minority leader seems to have a math problem. ending the tax cuts for the rich is worth $1 trillion. i think our government spends a little less than $1 trillion. most people think it is $800 billion. this is a ten-year number. you are $80 billion a year. and this is a outside reach. a lot of guys like myself think you are not going to get...
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Nov 16, 2012
11/12
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you ask yourself, what's it worth when boehner, pelosi, mcconnell, and reed all start talking nice to each other? it's worth 120 points on the dow. we're not far from the highs of the day. some hope we can get a modest rally. the vix has really collapsed going into the close. we're near the lows for the week on the vix. some of those closed end funds like pimco, high yield, phk also doing a little better today. finally, i'm going to mention home builders also a doing better on the day. back to you. >> okay. thank you very much, bob. well, thanksgiving is less than a week away, and the trend is growing for stores like walmart to be open for business that day. shoppers seem to love it, but workers, for obvious reasons, do not. >> yeah, some walmart workers are now pledging to walk out if they are forced to work on that holiday. walmart has already said they plan to open at 8:00 p.m. on thanksgiving. joining us now, a husband and wife, greg and charr lean fletcher, both employees of walmart. both scheduled to work different shifts on thanksgiving day. we welcome you. greg, you have said
you ask yourself, what's it worth when boehner, pelosi, mcconnell, and reed all start talking nice to each other? it's worth 120 points on the dow. we're not far from the highs of the day. some hope we can get a modest rally. the vix has really collapsed going into the close. we're near the lows for the week on the vix. some of those closed end funds like pimco, high yield, phk also doing a little better today. finally, i'm going to mention home builders also a doing better on the day. back to...
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Nov 9, 2012
11/12
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remaining open to the new ideas he said he was going to listen to when he meets with john boehner, mitch mcconnell and democratic leaders in congress next week here at the white house. >> john, thank you very much. we'll have more throughout the rest of the day. >>> we do hear this new bond flick "sky fall" is a really big deal. >>> but first, adjusted for inflation. what is the highest grossing bond flick of all time? 1965's "thunderball" starring sean connery. there you go. tdd#: 1-800-345-2550 when i'm trading, i'm totally focused. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 gives me tools that help me find opportunities more easily. tdd#: 1-800-345-2550 i can even access it from the cloud and trade on any computer. tdd#: 1-800-345-2550 and with schwab mobile, tdd#: 1-800-345-2550 i can focus on trading anyplace, anytime... tdd#: 1-800-345-2550 until i choose to focus on something else. tdd#: 1-800-345-2550 trade at charles schwab for $8.95 a trade. tdd#: 1-800-345-2550 open an account and trade up to tdd#: 1-80
remaining open to the new ideas he said he was going to listen to when he meets with john boehner, mitch mcconnell and democratic leaders in congress next week here at the white house. >> john, thank you very much. we'll have more throughout the rest of the day. >>> we do hear this new bond flick "sky fall" is a really big deal. >>> but first, adjusted for inflation. what is the highest grossing bond flick of all time? 1965's "thunderball" starring...
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Nov 16, 2012
11/12
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what did traders seem to say as you were getting comments from reid, pelosi, boehner and mcconnell? >> trading's so low on the lower end of the trading range, i mentioned yesterday, scott, 1340. we flirted with it today. 1343 the low in the cash. we bounced from there. bounce levels are 1370, 1395. the fact that we're just shy of that, just means that everyone is a little suspect of what's truly going to happen once these fiscal cliff dialogues ratchet up. i would be a seller of these bounces. >> what a significant pop seeing in the stock market, guys. throw up the dow industrials on an intraday. in fact, throw up all three intraday charts because you're going to see quite a dramatic reversal. the dow industrials up 48 points. highs of the day, again, down 50 to 60 points or so as the wraps wrapping up and positive comments of the leaders in the room with the president today. unless you have a rally on wall street and let's get to washington to the north lawn of the white house where john harwood is. this seemed to go as well as one could hope thus far, at least. >> reporter: i thin
what did traders seem to say as you were getting comments from reid, pelosi, boehner and mcconnell? >> trading's so low on the lower end of the trading range, i mentioned yesterday, scott, 1340. we flirted with it today. 1343 the low in the cash. we bounced from there. bounce levels are 1370, 1395. the fact that we're just shy of that, just means that everyone is a little suspect of what's truly going to happen once these fiscal cliff dialogues ratchet up. i would be a seller of these...
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Nov 16, 2012
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mcconnell says republicans won't raise tax rates. the white house says the president won't sign an extension of tax cuts for top earners. chinese officials including the country's vice minister are sounding alarm bells with external risks to growth. they hope the uts will come to an agreement on tax issues or warns the country could face a slide into deep recession. eunice yoom is taking a closer look at the relationship between the two economic super powers and how they're likely to proceed. >> she's sitting down to her regular taste of americana. she and her co-workers dine out at their favorite fast food joint from the west twice a week, exactly the kind of middle income chinese american companies hope will drive their future growth. >> translator: we're used to eating rice, she says. it's convenient and nice to have fast food once in a while and have a change. american companies are hoping gnaw leadership will make it easier to sell to chinese consumers. the two countries are relied on each other for deck azs. walk into any major
mcconnell says republicans won't raise tax rates. the white house says the president won't sign an extension of tax cuts for top earners. chinese officials including the country's vice minister are sounding alarm bells with external risks to growth. they hope the uts will come to an agreement on tax issues or warns the country could face a slide into deep recession. eunice yoom is taking a closer look at the relationship between the two economic super powers and how they're likely to proceed....
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Nov 8, 2012
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certainly i thought senator mcconnell unfortunately didn't sound the same, positive note that the others did but look, the president made very clear that he is prepared to sit down across the aisle. in fact started calling republican colleagues. i've been part of, for a year and a half a group of six, it's now a group of eight. we have been working steadily, and there are other groups working. i believe our colleagues if they're prepared to act, will have options to consider when they return. >> i'm just wondering and senator, do you think it's possible that we don't have to -- will the democrats agree not to get to 39.2, is there something else they'd accept, some other way of revenue raising where that top marginal rate doesn't go back, that seems to be something that, ever since the president compromised that first time, it's like it's been set in stone they could never compromise again or the base will just say that he broke his promise. >> you know, there is more than one way to bell the cat, so why are people so fixed on 39.6? it's because of progressivity within the code. you can
certainly i thought senator mcconnell unfortunately didn't sound the same, positive note that the others did but look, the president made very clear that he is prepared to sit down across the aisle. in fact started calling republican colleagues. i've been part of, for a year and a half a group of six, it's now a group of eight. we have been working steadily, and there are other groups working. i believe our colleagues if they're prepared to act, will have options to consider when they return....
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Nov 16, 2012
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the question is, can boehner and mcconnell bring republicans? >> we are on the lookout for those who are going to be leaving the meeting in the hour or so to come and getting a clue as today has gone, we'll bring it to you. europe is about to close. we'll get the details and how it might affect the afternoon session with the dow still in the red. what makes the sleep number store different? you walk into a conventional mattress store, it's really not about you. we have so much technology in our store to really show the customers what's going on with their bodies. you can see a little more pressure in the shoulders and in the hips. ... now you can feel what happens as we raise your sleep number setting and allow the bed to contour to your individual shape. oh, wow. that feels really good. at sleep number we've created a collection of innovations dedicated to individualizing your comfort. the sleep number collection, designed around the innovative sleep number bed - a bed with dualair technology that allows you to adjust to the exact comfort your
the question is, can boehner and mcconnell bring republicans? >> we are on the lookout for those who are going to be leaving the meeting in the hour or so to come and getting a clue as today has gone, we'll bring it to you. europe is about to close. we'll get the details and how it might affect the afternoon session with the dow still in the red. what makes the sleep number store different? you walk into a conventional mattress store, it's really not about you. we have so much technology...
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Nov 9, 2012
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. >> and i said this, mcconnell no longer wakes up and goes to sleep thinking i'm going to make this guy a one-termer and obama no longer thinks -- >> i hope you're right. >> he doesn't need to be reelected and mcconnell, the republicans don't need to keep him from being -- so both sides are in a position, that's what you're saying. >> joe, neither you nor i are as rich as governor romney so we can't bet $10,000 but i bet $1. >> wait a second. that's a cheap shot and i am nowhere near as rich but i'll bet you, i don't have to double what you're worth to get to romney. >> i don't -- >> see! >> ralph we cut you off before, you said there were three bs, the first was big, the second was balance. >> the second was balance between taxes and here again, let's talk a little bit about balance first, okay? because you have this massive schism between what's balanced. if you look at 2:1 or 3:1 or 4:1. >> in terms of spending cuts versus revenue raised. >> spending cuts versus revenue raised, 2:1 to 3:1, sounds like a massive gap. if it's 2:1, it's two-thirds expense reductions and one-third ta
. >> and i said this, mcconnell no longer wakes up and goes to sleep thinking i'm going to make this guy a one-termer and obama no longer thinks -- >> i hope you're right. >> he doesn't need to be reelected and mcconnell, the republicans don't need to keep him from being -- so both sides are in a position, that's what you're saying. >> joe, neither you nor i are as rich as governor romney so we can't bet $10,000 but i bet $1. >> wait a second. that's a cheap shot...
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. >> spoke with the minority leader in the senate mitch mcconnell and he said we're willing to fix the tax rate, close the loopholes but i don't think they will bargain on raising the rates. i think they honestly believe and i agree that raising tax rates on capital gains will hurt the economy. but there's another side which is the spending side and there are some republicans who say look if the democrats and president obama won't negotiate well let's just do these automatic across the board spending cuts may be the only way we can get democrats to cut the budget. >> some out there in the financial markets they say look we need to cut four times more than the president is proposing under his $4 trillion plan. i'm curious your take why the president has been silent. i guess this is strategic. boehner gave an interview a press conference. he's giving a press conference tomorrow. earlier cnn was told the president won't say anything but tonight we heard he'll make a statement tomorrow. >> the election was two days ago. today is thursday. he'll make a statement tomorrow. markets are volati
. >> spoke with the minority leader in the senate mitch mcconnell and he said we're willing to fix the tax rate, close the loopholes but i don't think they will bargain on raising the rates. i think they honestly believe and i agree that raising tax rates on capital gains will hurt the economy. but there's another side which is the spending side and there are some republicans who say look if the democrats and president obama won't negotiate well let's just do these automatic across the...
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Nov 11, 2012
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and finally, don't waste time worrying from kim mcconnell, wife of jonathan mcconnell who served in the iraq war. we'll have more in the next hour. it's become a nice and beautiful discussion people are having online and on ireport about what they have learned if they wouldn't have otherwise known so deeply from the people who made the sacrifice. >> so often people keep those thoughts to themselves or they are sharing that with just the immediate family or friends and this is a great forum in which they can share with so many people. >> a lot of people don't know about veterans. what do you don't know about our veterans. >> thank you so much. >>> voters have sent the same balance of power back to washington. does that mean more gridlock for the president? george mitchell is with us in the newsroom on how the sides can work together. tdd#: 1-800-345-2550 let's talk about your old 401(k). tdd#: 1-800-345-2550 you know, the one that's been lying around. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 rollover your old 401(k) to a schwab ira, and we'll help you tdd#: 1-800-345-2550 find new ways
and finally, don't waste time worrying from kim mcconnell, wife of jonathan mcconnell who served in the iraq war. we'll have more in the next hour. it's become a nice and beautiful discussion people are having online and on ireport about what they have learned if they wouldn't have otherwise known so deeply from the people who made the sacrifice. >> so often people keep those thoughts to themselves or they are sharing that with just the immediate family or friends and this is a great...
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republicans but democrats as well, the president reaching out to speaker boehner by phone and mitch mcconnell in the senate and to democratic leadership. the president telling them that he is committed to finding a bipartisan solution to some of the tough problems, such as cutting taxes for middle class americans, creating jobs. what's unclear at this point is what else will the president do beyond making phone calls? will he be invoighting the leadership here to the wit house? will they be having retreats elsewhere? what is cloer is already up on capitol hill the loweredship is talking about getting things done. >> by working together and creating a fairer, simpler, cleaner tax code we can give our country a stronger, healthier economy. a stronger economy means more revenue, which is what the president seeks. >> this isn't something that i'm going to draw the lines any lines in the sand. he isn't going to draw any lines in the sand, i don't believe. we need to work together. >> the president said he believes the message that the americans sent in the election is that they want members of con
republicans but democrats as well, the president reaching out to speaker boehner by phone and mitch mcconnell in the senate and to democratic leadership. the president telling them that he is committed to finding a bipartisan solution to some of the tough problems, such as cutting taxes for middle class americans, creating jobs. what's unclear at this point is what else will the president do beyond making phone calls? will he be invoighting the leadership here to the wit house? will they be...
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what you're hearing from boehner and mcconnell in washington speak is we don't want a deal, we don't want to go off the cliff and the only thing left is to punt. and i think that's a dangerous place as well because this is the issue one of the few times congress might be forced to actually do its job and get a budget passed for the american people. so when this question comes up about the bigger issue are we going to get a deal or not, what i'm hearing from boehner is no and the president yes. >> but the president's leverage doesn't go away if you punt for six months. i mean, it's not clear to me -- i agree with you that's one way to read the boehner/mcconnell position. >> you do the blue ribbon panel, try to make it binding, do the supercommittee -- >> need to know because after all at the end of january most americans will like to start filing for their refunds. that's why we have to do something. and the other thing we failed to mention over and over about these so-called bush tax cuts is that they have helped increase the deficit over the last ten years. we simply cannot afford t
what you're hearing from boehner and mcconnell in washington speak is we don't want a deal, we don't want to go off the cliff and the only thing left is to punt. and i think that's a dangerous place as well because this is the issue one of the few times congress might be forced to actually do its job and get a budget passed for the american people. so when this question comes up about the bigger issue are we going to get a deal or not, what i'm hearing from boehner is no and the president yes....
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Nov 16, 2012
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>>. >> i think senator mcconnell needs to take another look at the report. i severed on that commission. a reduction of $4 trillion came from revenue. it was in the range of $1.6 trillion. >> you talk about 1.6 trillion. there's ways to get there in ways that don't necessarily raise tax rates. you could cap deductions at $35,000 and have the estate tax go back to where it was and get $1.3 million. i'm simply making the point there's a loft ways to get there that don't involve raising tax rates. is that a compromise you'd ever consider? >> you're right, but i think what the president's trying to say is is let's protect working families. those making less than $250,000 a year. no tax increase for them. those making over that amount should pay more in taxes and i think if they've been blessed with success in this great nation, it's not too high a price to ask. we believe this needs to be part of it. it isn't the only part, but an important part is that we have revenue from those who can afford to pay. we can do it either through the rates or deductions in the c
>>. >> i think senator mcconnell needs to take another look at the report. i severed on that commission. a reduction of $4 trillion came from revenue. it was in the range of $1.6 trillion. >> you talk about 1.6 trillion. there's ways to get there in ways that don't necessarily raise tax rates. you could cap deductions at $35,000 and have the estate tax go back to where it was and get $1.3 million. i'm simply making the point there's a loft ways to get there that don't involve...
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Nov 16, 2012
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the person who's taking a harder stance is mitch mcconnell. let's listen to what he says from the senate side. >> we don't happen to think the government needs more revenue. the government spends too much as it is. if democrats are willing to reduce spending and strengthen entitlement programs, which we all know are on an unsustainable path that threatens our own long-term viability and the economic well-being of our children and grandchildren, then we'll be there. what we won't do is raise tax rates. >> okay. so read the fine print. raise tax rates. now, there's a difference between raising tax rates and raising revenue, making people pay more by doing things which the republicans have suggested like, you know, capping loopholes or capping deductions, reducing deductions and that type of thing. so there is some type of room. right now, you know, you do have the sides going in a pretty hard position. >> the president's also under some pressure from his left flank. in the debt ceiling negotiations, a lot of people forget he seemed willing to tr
the person who's taking a harder stance is mitch mcconnell. let's listen to what he says from the senate side. >> we don't happen to think the government needs more revenue. the government spends too much as it is. if democrats are willing to reduce spending and strengthen entitlement programs, which we all know are on an unsustainable path that threatens our own long-term viability and the economic well-being of our children and grandchildren, then we'll be there. what we won't do is...
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senators harry reid, mitch mcconnell, and speaker boehner and congresswoman nancy pelosi will be there. this afternoon, we heard the president say just about two hours ago, that he is open to compromise. he's open to new ideas received by a standing ovation walking in the room there. there is one point the president is sticking to. higher taxes for people making higher incomes. >> i refuse to accept any approach that isn't balanced. i'm not going to ask student and seniors and middle-class families to pay down the entire deficit while people like me making over $250,000 aren't asked to pay a dime more in taxes. >> just about two hours before we saw the president, we saw this man, republican house speaker john boehner, he said, quote, everything on the revenue side and the spending side has to be looked at, end quote. when it comes to specifics, speaker boehner put the ball firmly in the president's court. >> i don't want to box myself in. i don't want to box anyone else in. i think it is important for us to come to an agremt with the president, but this is his opportunity lead. >> exac
senators harry reid, mitch mcconnell, and speaker boehner and congresswoman nancy pelosi will be there. this afternoon, we heard the president say just about two hours ago, that he is open to compromise. he's open to new ideas received by a standing ovation walking in the room there. there is one point the president is sticking to. higher taxes for people making higher incomes. >> i refuse to accept any approach that isn't balanced. i'm not going to ask student and seniors and...
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Nov 16, 2012
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mcconnell say that he would not support raising tax rates at all. mr. boehner has said similar things. the administration seems to be open to perhaps tax rates not going up quite as much as they initially proposed but they're still absolutely insistent on those tax rate increases of some size. there's a lot that has to come together in a short period of time in order to get a deal. it's not impossible. but i think the risk of at least temporarily going over this cliff is significant. >> so, zanny minton-beddoughs says it's not a cliff. it's like a blue slope on a ski slope. christine says it's a cliff like a black diamond. >> big black diamond. >> other people have said it's a gentle slope like a sunny day slope down the hill. what is it, do you think? >> the problem is we're going to start going downhill and not know exactly whether it's a blue slope or a double diamond. you don't know exactly what's ahead of you, because we don't know how quickly a deal will come together. that's the problem. if on january 2nd the leadership of the congress and the pr
mcconnell say that he would not support raising tax rates at all. mr. boehner has said similar things. the administration seems to be open to perhaps tax rates not going up quite as much as they initially proposed but they're still absolutely insistent on those tax rate increases of some size. there's a lot that has to come together in a short period of time in order to get a deal. it's not impossible. but i think the risk of at least temporarily going over this cliff is significant. >>...
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mcconnell, is to advance the common good. to sit down, to bring to the table all of these issues that we have to face both foreign policy and domestic policy and to advance the common good. i think that's what president obama should do. president bush won i believe -- eric can correct me -- with 284 votes in 2004 and determined he had political capital. the american people right now are more interested in the president, members of congress and others sitting down to advance the common good. >> let me go to ari to weigh-in on that. go ahead, ari, what do you think? >> well, let's look back a little bit. partly let's learn from mistakes. if you remember obama care and on cap and trade or what republicans refer to as tax and trade, those proposals from the president were so polarizing he was deserted by many in his own party. cap and trade became so lethal that they couldn't even get democrats in the senate to take it up. i think the trick to be successful now that we have a republican house, democrat senate and a country hungry
mcconnell, is to advance the common good. to sit down, to bring to the table all of these issues that we have to face both foreign policy and domestic policy and to advance the common good. i think that's what president obama should do. president bush won i believe -- eric can correct me -- with 284 votes in 2004 and determined he had political capital. the american people right now are more interested in the president, members of congress and others sitting down to advance the common good....
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>> you always ask that question except to mitch mcconnell. >> oh, mitch mcconnell, the senate minority leader is 70 years old. nancy pelosi is 72. in the world of politics, age is kind of a skewed concept. average age of members of the house is 56. and of senators it's 62. i mean, paul ryan is thought of as a young gun. he's 42. that's eight years shy of being a card-carrying member of the aarp. ronald reagan was 69 when he first ran for president. many worried he was too old for the job until his famous quip during a debate. >> i will not make age an issue of this campaign. i am not going to exploit, for political purposes, my opponent's youth and inexperience. >> yes, reagan used age to his advantage. but seriously, how old is too old? remember senator strom thurman who commuted from walter reed to the capitol at the age of 100? his aides had to vote for him. of course, this argument isn't limited to the world of politics. ageism rages in the role world, too. how often have you heard those under 30 grumbling about those old guys sucking up all the jobs? so the talk back question of t
>> you always ask that question except to mitch mcconnell. >> oh, mitch mcconnell, the senate minority leader is 70 years old. nancy pelosi is 72. in the world of politics, age is kind of a skewed concept. average age of members of the house is 56. and of senators it's 62. i mean, paul ryan is thought of as a young gun. he's 42. that's eight years shy of being a card-carrying member of the aarp. ronald reagan was 69 when he first ran for president. many worried he was too old for...
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>> and mitch mcconnell -- >> and mitch mcconnell by the way. right. >> the president is in a different position now. re-elected by a pretty impressive margin than he was the last time he tried to forge a deal that collapsed. >> right. that was the debt ceiling. he had a real problem with that with the grand bargain. he also had after the 2010 midterms when he had a lame duck session of congress and he had to give on keeping the tax cuts for the wealthy. this is a president right now who believes he's got some leverage. he got re-elected. and these are republicans who are trying to figure out just who they are and what they stand for. and as you saw in the president's press conference earlier this week, he's somebody who studied the flaws of a second term. what he wants to do is make some progress without overreaching. it's very clear they're worried at the white house about doing some overreach here. if he can get a fiscal deal done, that will be very, very important for his legacy in the long-term. and he knows it. >> are the republicans opera
>> and mitch mcconnell -- >> and mitch mcconnell by the way. right. >> the president is in a different position now. re-elected by a pretty impressive margin than he was the last time he tried to forge a deal that collapsed. >> right. that was the debt ceiling. he had a real problem with that with the grand bargain. he also had after the 2010 midterms when he had a lame duck session of congress and he had to give on keeping the tax cuts for the wealthy. this is a...
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we saw him already reach out by phone to john boehner, to mitch mcconnell, also to leadership in the democratic party. so we'll see if this promise of bipartisanship will last beyond just a couple of days. >> dan lothian for us this morning. thank you, dan. let's get right to john berman with a lack at some of the other stories making news today. good morning. >> good morning, soledad. cnn is projecting that ann kirkpatrick will return to congress. she barely beat republican challenger, jonathan payton. yet several house races are still up for grabs across the country this morning. in palm springs, california, republican mary bono mack, she's not giving up. she trailed democrat raul luis with all precincts reporting, but she says a large number of ballots have yet to be reported. mack's husband, connie mack, lost his bid in florida to bill nelson. in another tight race, alan west is not conceding defeat. he's demanding a partial recount in his re-election bid against democratic challenger patrick murphy. right now murphy has a very slim lead of less than 2,100 votes, but that's sligh
we saw him already reach out by phone to john boehner, to mitch mcconnell, also to leadership in the democratic party. so we'll see if this promise of bipartisanship will last beyond just a couple of days. >> dan lothian for us this morning. thank you, dan. let's get right to john berman with a lack at some of the other stories making news today. good morning. >> good morning, soledad. cnn is projecting that ann kirkpatrick will return to congress. she barely beat republican...
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republicans take the attitude well, we tried to get him the last time, we are going to be intransigent, mitch mcconnell's first statement after the election of president obama was clear was not a very conciliatory statement. >> see, i don't think that the american public are going to wear any more of this from the republicans. it's not just their fault. the democrats have been just as much to blame in terms of poor negotiation but there comes a point when the republicans have been rejected, they have lost this election and they have to face their own demons. governor, unless i'm wrong here, you guys have the upper hand now, don't you? and you can do exactly what dan said. you can shove the foot, the size 9s, straight on the adam's apple and say we are getting stuff done for the benefit of america and if you stop us, we are going to make it clear you've done that against the interests of your country. >> well, i think some of that is right, piers. i would put it a little bit differently. i agree with both you and dan in terms of democrats generally and the president in particular having leverage right now
republicans take the attitude well, we tried to get him the last time, we are going to be intransigent, mitch mcconnell's first statement after the election of president obama was clear was not a very conciliatory statement. >> see, i don't think that the american public are going to wear any more of this from the republicans. it's not just their fault. the democrats have been just as much to blame in terms of poor negotiation but there comes a point when the republicans have been...
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both boehner and mitch mcconnell said taxes will not go up, period. >> think you're missing the second part of the sentence which is they're willing to consider new revenue. there are lots of ways, excuse the expression, to skin a cat. i thought john boehner was emphatic when he said they're willing to open it with the right framework. thing this is a two-step deal. i think it's too ambitious with too little time to get to the grand bargaining, the so-called lame duck session of the continuation. but i think you can scrape together enough to avoid sigh kwenltd strain. remember, they have to come up with only about $100 bill to set that aside. between spending cuts and loophol loopholes, i think you have to raise that. >> onpodesta, does the magts work, though, which is if you close produkz for the wealthy people, can you raise enough revenue? >> i think that's the fund mental question. >> well, i thnk the -- you know, this baurng the really contentious issue in the campaign. i think the only way do that is to take enough of a bite out of the plan. >> thing what the republicans would ar
both boehner and mitch mcconnell said taxes will not go up, period. >> think you're missing the second part of the sentence which is they're willing to consider new revenue. there are lots of ways, excuse the expression, to skin a cat. i thought john boehner was emphatic when he said they're willing to open it with the right framework. thing this is a two-step deal. i think it's too ambitious with too little time to get to the grand bargaining, the so-called lame duck session of the...
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number two, when we talk to republicans, what they tell me, ali, i had a discussion with mitch mcconnell on this, he said we're willing to put the high revenues on the table. we're willing to get -- close the loopholes and the tax system, get rid of a lot of the carveouts. and a lot of those carveouts the people who benefit from those are rich people. i think republicans are willing to compromise on this. i have to say this. i'm frustrated with all of you on this because, yes, we have a fiscal cliff that's going to hit on january. but let's not forget the whole context of this. we are running $1.2 trf did he ever sits. >> david walker is banging on this drum as well. >> the key is we have to avoid the fiscal cliff. we also have to address the much bigger fiscal abyss. those are the large and growing structural deficits due to known demographic trends, rising health care cost and outdated tax system. here's got news. the people are way ahead of the politicians. i just came back from a 34-day, 10,000-mile tour. we got 77% support for a range of reforms dealing with spending, social insuran
number two, when we talk to republicans, what they tell me, ali, i had a discussion with mitch mcconnell on this, he said we're willing to put the high revenues on the table. we're willing to get -- close the loopholes and the tax system, get rid of a lot of the carveouts. and a lot of those carveouts the people who benefit from those are rich people. i think republicans are willing to compromise on this. i have to say this. i'm frustrated with all of you on this because, yes, we have a fiscal...
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wednesday, the business community and friday, there's a meeting with harry reid, mitch mcconnell, house speaker john boehner and minority leader nancy pelosi. so, will we get a deal? one man getting a lot of attention is erskine bowles. who along with alan simpson created the simpson-bowles plan on deficit reduction. i have to start by asking you, did you ever think your name would be part of pop culture? you are the bowles in simpson bowles. >> better be simpson bowles than bowles simpson since everybody knows him by his initials here in washington. >> so, when you talk about things, sacred cows, untouchables, whatever the word might be, in your proposal, the one paul ryan decided not to back, the one barack obama decided not to back, you had an increase in the federal gasoline tax. caps on mortgage interest. charitable donations and retirement contributions. these were all tough choices you made. you also increased the eligibility age for medicare and social security. reduced benefits for wealthier seniors. some of those things i've heard democrats and republicans say they agree on, o
wednesday, the business community and friday, there's a meeting with harry reid, mitch mcconnell, house speaker john boehner and minority leader nancy pelosi. so, will we get a deal? one man getting a lot of attention is erskine bowles. who along with alan simpson created the simpson-bowles plan on deficit reduction. i have to start by asking you, did you ever think your name would be part of pop culture? you are the bowles in simpson bowles. >> better be simpson bowles than bowles...
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and then the house minority leader or rather the minority leader mitch mcconnell also suggesting that this was a constructive meeting and that we are prepared to put revenue on the table. they just emerged from the meeting. looked like they were going right back in. maybe they were going to have lunch. i don't know. they sure deserve it if they're able to come to rhetoric like that any any case. take to you break for a moment and hopefully i can scramble up wolf blitzer. given the fact we're so busy with breaking news he is probably busy as well. [ knock on door ] cool. you found it. wow. nice place. yeah. [ chuckles ] the family thinks i'm out shipping these. smooth move. you used priority mail flat rate boxes. if it fits, it ships for a low, flat rate. paid for postage online and arranged a free pickup. and i'm gonna track them online, too. nice. between those boxes and this place, i'm totally staying sane this year. do i smell snickerdoodles? maybe. [ timer dings ] got to go. priority mail flat rate boxes. online pricing starts at $5.15. only from the postal service. >>> a thundero
and then the house minority leader or rather the minority leader mitch mcconnell also suggesting that this was a constructive meeting and that we are prepared to put revenue on the table. they just emerged from the meeting. looked like they were going right back in. maybe they were going to have lunch. i don't know. they sure deserve it if they're able to come to rhetoric like that any any case. take to you break for a moment and hopefully i can scramble up wolf blitzer. given the fact we're so...
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go to john boehner, go to mitch mcconnell and say let's promote these policies that help poor people that help the middle class that promote jobs. that's what the president's been trying to do. that's what he's calling for in saying that the wealthy should pay their fair share. it'd be nice of some of these moderate thinkers or new thinkers like jindal actually held the republicans who are in power to task a little more instead of kicking the last guy down the road. >> you tweeted this, ana navarro, livid at romney saying obama won because offered minorities "gifts." as if he didn't alienate hispanics enough wliel running. look in mirror, mitt. >> i'm very upset about the comments mitt romney made. it shows him having sour grapes. that's not a great exit for a man who just lost. you need to look at yourself, the campaign. go and look at the film. how did you run your campaign towards hispanic, african-americans? are you satisfied with what you did? does it correlate with the amount you got? also, it's frankly offensive. i can tell you as a hispanic republican, i find those comments o
go to john boehner, go to mitch mcconnell and say let's promote these policies that help poor people that help the middle class that promote jobs. that's what the president's been trying to do. that's what he's calling for in saying that the wealthy should pay their fair share. it'd be nice of some of these moderate thinkers or new thinkers like jindal actually held the republicans who are in power to task a little more instead of kicking the last guy down the road. >> you tweeted this,...
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both boehner and mitch mcconnell said taxes will simply not go up, period. >> bu i think you're missing the second part of the sentence which is they're willing to consider new revenue. there are lots of ways, in that old expression, to skin a cat. i thought john boehner the other day was quite emphatic in saying we are open to new revenues under the right framework. dave gergen is absolutely correct. i think this is a two-step deal. i think it's too ambitious with too little time to get to the grand bargain in the so-called lame duck session of the congress. but i think you can scrape together enough to avoid sequestration and avoid the fiscal cliff or fiscal slope. remember, they have to come up with only about $100 billion. i know that sounds weird. but $100 billion to set that aside. between spending cuts and perhaps some loophole closures i think they can raise it. but you can't confuse that with a long-term deal. >> john podesta, does the math work, though, which is if you close deductions for the wealthy people can you raise enough revenue? i think that's the fundamental question
both boehner and mitch mcconnell said taxes will simply not go up, period. >> bu i think you're missing the second part of the sentence which is they're willing to consider new revenue. there are lots of ways, in that old expression, to skin a cat. i thought john boehner the other day was quite emphatic in saying we are open to new revenues under the right framework. dave gergen is absolutely correct. i think this is a two-step deal. i think it's too ambitious with too little time to get...
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it is not surprising, harry reid, mitch mcconnell, house speaker john boehner and house minority leader nancy pelosi. >>> the husband of gabrielle giffords says their long-term plan is to move forward and try not to look back at the day that giffords was shot. on january 8, 2011, loughner opened fire at a rally for gabrielle giffords. he shot her in the head at point-blank range. 12 others were wounded and six killed. yesterday a judge sentenced loughner to life in prison without the possible of parole. gabrielle giffords sat through the sentencing with her husband mark kelly by her side. kelly talked to our piers morgan about what it was like to be in that courtroom. >> it was certainly a little stressful. it was tense. especially when he walked in the room. when he responded to the judge. after a while i got to settle down a bit but just sitting there for all of the other victim impact statements is really a tough thing. you know, gabby said afterwards for her the biggest emotion was just sadness to hear story after story of what the impact of this horrible day had on people. it was r
it is not surprising, harry reid, mitch mcconnell, house speaker john boehner and house minority leader nancy pelosi. >>> the husband of gabrielle giffords says their long-term plan is to move forward and try not to look back at the day that giffords was shot. on january 8, 2011, loughner opened fire at a rally for gabrielle giffords. he shot her in the head at point-blank range. 12 others were wounded and six killed. yesterday a judge sentenced loughner to life in prison without the...
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. >> on brightbart.com, mitch mcconnell piled on. i know some people out there think tuesday's results mean republicans in washington are now going to roll over and agree to democrat demands that we hike taxes before the end of the year. i'm here to tell them that there is no truth to that notion whatsoever, end quote. president obama campaigned on raising taxes of the wealthiest americans. his favorite line, we must all pay or faur shair share, even t taxing the wealthy won't solve the debt crisis. what does this all mean? we take our cue from "the prois price is right." that's right. because of this tire d argument we could fall off the much talked about fiscal cliff. we're waiting. cop on, mr. yodeler. we should have started this sooner. you get the picture. talk back today, should obama or republicans blink on taxes? facebook.com/carolcnn. facebook.com/carolcnn. your responses later this hour. >>> the ballots in florida not all counted yet. some of the races are coming down to the wire. will this act of florida's election history
. >> on brightbart.com, mitch mcconnell piled on. i know some people out there think tuesday's results mean republicans in washington are now going to roll over and agree to democrat demands that we hike taxes before the end of the year. i'm here to tell them that there is no truth to that notion whatsoever, end quote. president obama campaigned on raising taxes of the wealthiest americans. his favorite line, we must all pay or faur shair share, even t taxing the wealthy won't solve the...
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i guess -- oh, you always ask that question except to mitch mcconnell. ♪ [ gordon ] for some this line is a convenience. how you doing today? i'm good thanks. how are you? i'm good. [ gordon ] but for others, it's all they can afford. every day nearly nine million older americans don't have enough to eat. anything else? no, not today. join me, aarp, and aarp foundation in the drive to end hunger by visiting drivetoendhunger.org. [ "the odd couple" theme playing ] humans. even when we cross our "t"s and dot our "i"s, we still run into problems -- mainly other humans. at liberty mutual insurance, we understand. that's why our auto policies come with accident forgiveness if you qualify, where your rates won't go up due to your first accident, and new car replacement, where if you total your new car, we give you the money for a new one. call... to talk to an insurance expert about everything else that comes standard with our base auto policy. [ tires squeal ] and if you get into an accident and use one of our certified repair shops, your repairs are guaranteed for life. call... to switch,
i guess -- oh, you always ask that question except to mitch mcconnell. ♪ [ gordon ] for some this line is a convenience. how you doing today? i'm good thanks. how are you? i'm good. [ gordon ] but for others, it's all they can afford. every day nearly nine million older americans don't have enough to eat. anything else? no, not today. join me, aarp, and aarp foundation in the drive to end hunger by visiting drivetoendhunger.org. [ "the odd couple" theme playing ] humans. even when...
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. >> mcconnell suggested republicans might be willing to consider increasing revenues if democrats cut spending and reign-in entitlement programs. here's a presidential perk that you might not have heard of. sneak previews? president obama will be screening the new steven spielberg movie "lincoln" at the white house this afternoon. he'll be joined by the cast and crew. the movie's set to release tomorrow follows our 16th president abraham lincoln in the waning days of the civil war. but some critics are saying hollywood and history aren't on the same page. cnn entertainment correspondent kareen wynter has more. >> this fight is for the united states of america. >> reporter: steven spielberg's "lincoln" offers a window back in time to the weeks preceding the end of the civil war and passage of the 13th amendment abolishing slavery. >> congress must never declare equal those god created unequal. >> reporter: for some critics the movie's limited snapshot of aim han lincoln's presidency paints an incomplete picture of history. >> as cinema, it's very, very good. as history, i'm a historian
. >> mcconnell suggested republicans might be willing to consider increasing revenues if democrats cut spending and reign-in entitlement programs. here's a presidential perk that you might not have heard of. sneak previews? president obama will be screening the new steven spielberg movie "lincoln" at the white house this afternoon. he'll be joined by the cast and crew. the movie's set to release tomorrow follows our 16th president abraham lincoln in the waning days of the civil...
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. >> the problem as mitch mcconnell sees it is spending. that's on entitlements like medicare, obviously republicans would like to see more in the way of spending cuts, democrats are more to favor tax increases, the likely outcome of all of this is going to be a little bit of each, but the white house acknowledging jay carney, the white house press secretary in a statement, don, there are differences, but they can work through them and the real question i think now is how close are they going to cut it? are they going to take it to the very edge. we heard from harry reid, he said they won't wait until the last day of september, and house minority leader nancy pelosi said the goal is to get it done before christmas. we should be so lucky. >> we should be so lucky. holidays are coming up. it is a beautiful back grdrop b you look a little chilly. >> it is a little cold. >> brianna keilar, thank you. >>> what do fiscal cliff talks mean for your money? for your 401(k)? wall street investors might get nervous if talks aren't wrapped up quickly. i
. >> the problem as mitch mcconnell sees it is spending. that's on entitlements like medicare, obviously republicans would like to see more in the way of spending cuts, democrats are more to favor tax increases, the likely outcome of all of this is going to be a little bit of each, but the white house acknowledging jay carney, the white house press secretary in a statement, don, there are differences, but they can work through them and the real question i think now is how close are they...
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senate majority leader harry reid and senator minority leader mitch mcconnell and nancy pelosi not surprising here. what's the expectation? >> well, you know, we'll see. publicly, suzanne, there has been a much more consillatory tone that we've seen since the election, whether it's from the president or the house speaker john boehner, but i can tell you in talking to sources privately on both sides of the aisle, they admit that it's all about positioning and posturing to make sure at the end of the day if we do go off the fiscal cliff that they're not blamed for it. they're the ones who looked reasonable, not unreasonable, and they're preparing for the other side to blame them for the opposite, if that makes sense. that's a lot of what you are saying in public. the reality is that neither side has a really clear machine date or clear vote and no one wants to look at the end of the day like they never gave compromise a chance. listen to republican bob corker, though, because there does seem to be a little bit of a crack on the republican side on whether or not it's okay to raise some taxes. >>
senate majority leader harry reid and senator minority leader mitch mcconnell and nancy pelosi not surprising here. what's the expectation? >> well, you know, we'll see. publicly, suzanne, there has been a much more consillatory tone that we've seen since the election, whether it's from the president or the house speaker john boehner, but i can tell you in talking to sources privately on both sides of the aisle, they admit that it's all about positioning and posturing to make sure at the...
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. >> and the real problem, as mitch mcconnell sees it, the senate minority leader sees it, suzanne, is spending. he said, you know, but his folks still believe that this is a spending problem and overspending problem and not an under taxing problem. we heard from speaker john boehner. he said that revenue is on the table. the issue here is that president obama has said he wants to increase tax rates on wealthy americans. the speaker and house republicans are still not on board with increasing tax rates, although perhaps closing some loopholes to raise some revenue, and even though there's a lot of kind of kumbaya going on here, suzanne, there's still a lot of tough work that needs to be done. they're still maybe punting on some of the important issues like tax reform and entitlement reform, but they'll be dealing with the fiscal cliff here in the near term. >> it's probably difficult to tell, but we see these pictures, and it's very common, right? you get about 30 seconds to see them all in a room together. they're patting each other on the back, smiling, and shaking hands, that kind o
. >> and the real problem, as mitch mcconnell sees it, the senate minority leader sees it, suzanne, is spending. he said, you know, but his folks still believe that this is a spending problem and overspending problem and not an under taxing problem. we heard from speaker john boehner. he said that revenue is on the table. the issue here is that president obama has said he wants to increase tax rates on wealthy americans. the speaker and house republicans are still not on board with...